Jul. 27 - U.S. stock markets suffered their biggest weekly declines in roughly 5-years as worries about the subprime market and corporate financing, mixed with economic jitters. For the week, the Dow dropped 4.2 percent. The Nasdaq slumped 4.6 percent and crude oil closed one cent shy of its record close.
Conway G. Gittens reports from New York.
Speaker: Jim Awad, chairman, Awad Asset Management
Jul. 20 - U.S. blue chips crossed the 14,000 milestone for the first time, but then fell back as profit concerns and subprime worries weighed. But so far, earnings season is looking upbeat as more companies meet or beat expectations, according to Reuters Estimates.
Fed Chief Ben Bernanke warned the housing and subprime troubles may be longer-lasting than thought.
Crude oil touched an...
Oct. 19 - U.S. stocks had their sharpest one-week drop in over two-months as earnings season took a negative turn. Results out of Citigroup touched a raw nerve, but Google and other tech names were shining stars.
Crude oil touched a record at $90 a barrel.
Conway G. Gittens reports from New York.
Sep. 14 - Blue chips jumped 2-1/2 percent and the Nasdaq gained 1.4 percent as corporate optimism trumped economic jitters. Growing expectations for a rate cut also boosted sentiment even as crude oil closed above $80 for the first time on record.
Conway G. Gittens reports from New York.
The Federal Reserve lifted expectations that its next move could be an ease by dropping a key phrase from its statement. The noticeable shift, which may or not been intentional, was well received on Wall Street, helping stocks have their best week of the year.
Conway G. Gittens reports from New York.
Aug. 31 - Emotions ran high as Wall Street waded through the subprime turmoil and the credit crunch, but President Bush and Fed Chairman Ben Bernanke reassured investors by the end of the week. On the corporate front: Altria Group is making changes, Apple is planning a revamp of the iPod, Sony is getting ready for a launch, and Dell's recovery plan is on track.
U.S. markets finished in...
Aug. 17 - Wall Street faltered every day this week until the Federal Reserve gave investor sentiment a shot in the arm with a surprise rate cut. Mattel announced a massive recall of toys made in China.
A slumping housing market is taking its toll on retailers like Wal-Mart and Home Depot.
Conway G. Gittens reports from New York.
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